Morgan Stanley (MS) has priced the previously announced preferred stock.
The issue prices at 4.25% for 52 million shares.
The issue is split investment grade.
The non-cumulative, qualified issue will trade immediately under ticker MNSLV on the OTC grey market.
The pricing term sheet can be read here.
9 thoughts on “Morgan Stanley Prices Preferred Issue”
Anybody on Fidelity find that the Morgan Stanley shares have still not been issued and both their history and account page reflect $0.00?
E*Trade now shows the temp symbol as “MNSLL”. Before, it was “MNSLV”.
Maybe Fidelity will recognize the new symbol.
No problem buying at Fidelity @ $24.85 after about 9:33AM
Trading at Fidelity. BOT 24.85
Trading at Schwab
according to OTC Markets MNSLV:
Warning! Grey Market securities are not traded on the OTCQX, OTCQB or Pink markets
Broker dealers are not willing or able to publicly quote these securities because of lack of investor interest, company information availability or regulatory compliance.
Delinquent SEC Reporting
TD won’t allow a trade. SEC rule. IDIOTS!
Neither will E*Trade
OTC shows this as pink now with current info. Not grey.
EICPV still shows grey. So we have a glimmer of hope here for some preferred. I think I can buy pink no problem per the norm.